Land expropriation without compensation could see an increase in agricultural property being sold as farmers and property owners consider the potential outcomes of the policy.

The uncertainty that still surrounds the policy implementation, and the fact that buyers may not be keen to buy agriculture property until clarity is obtained, is not helping. The outcome though, may not be as dire as many farm owners expect.

There are many scenarios of what the eventual outcome of land expropriation without compensation will be, but Erwin Rode, of valuation firm Rode & Associates, says the question is how South African farmers perceive this threat and whether they are dumping farms.

"As no institution regularly tracks farmers confidence levels or farm prices, no one knows the answer. But it is likely that farmers in the northern and eastern provinces feel more exposed than those in the Western Cape," he says.